Identifying reversals using swing points
For a swing point low:
The first candle makes a low.
The second candle makes a lower low.
The third candle makes a higher low.
This third candle tells us that the sellers have gotten weak and the stock will likely reverse.
This is all my own opinion. Please take this information and do your own research.
For a swing point low:
The first candle makes a low.
The second candle makes a lower low.
The third candle makes a higher low.
This third candle tells us that the sellers have gotten weak and the stock will likely reverse.
This is all my own opinion. Please take this information and do your own research.